After some intensive weeks of negotiation, we are happy to now announce the positive result to the M&A process we started a few months ago. We are delighted to have found a strong partner with Klik & Pay, who will enable us to continue our operational business to its full extent. Klik & Pay, a Swiss and European licensed company, has 16 years of experience in the FinTech industry and is a brand of CYBERservices S.A.. Klik & Pay offers online merchants across the world a simple and secure method of handling online and mobile payments with all relevant payment methods.
Daniel P. Georges, founder of Klik & Pay, says: “In PAYMILL we have an innovative company by our side that will help us to service new markets. Paymill already has significant experience and convinced us by the great commitment and passion they have shown in the field of payments”.
We had some interested parties and offers following the announcement of the preliminary insolvency. We spoke to several possible cooperation partners as we felt it was important that the deal would not only be the right one on paper, but also offer the best possible future for PAYMILL. We have found a brilliant strategic fit with Klik & Pay and our vision and objectives are perfectly aligned, so we are very much looking forward to working together in the future.
What will happen to Klik & Pay and PAYMILL customers?
Nothing will change for the existing customers of Klik & Pay and PAYMILL, since the products of both companies will continue to be offered. Of course, we will focus on improving our services and taking advantage of the added knowledge base, so customers will benefit of an improved experience in future. We are looking forward to continue our operations while providing a secure and easy technology for online merchants.
We want to thank you again for your confidence and loyalty throughout these years – and especially the last intense months. Stay tuned – the best is yet to come.
If you happen to have any open questions, please always feel free to contact us directly, we’re always happy to help.